47720 — Vanderburgh County, Indiana Market Snapshot
Housing market data for zip code 47720 in Vanderburgh County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
30 sales in 2026 (year to date)
Median Sale Price
$267,450
Days to Sell
13
Homes Sold
30
Inventory
18
Sale-to-List
97.3%
New Listings
48
Price/SqFt
$144
Pending Sales
44
Conforming Loan Available
Most homebuyers in 47720 can comfortably use conventional financing. The median home price of $267,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
47720 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 47720 sells for 2.7% below asking price (97.3% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 47720 can comfortably use conventional financing. The median home price of $267,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 47720 are set at the county level.
2026 Loan Limits — Vanderburgh County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 47720
To purchase the median home at $267,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,199.
Monthly Payment
$2,199
Income Required
$94,248
Principal & Interest
$1,648/mo
Down Payment (5%)
$13,373
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 47720.
Estimated Monthly Payment
$1,805
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